North American animal vaccine market is estimated to grow at a CAGR of 6.8% during the forecast period. Increasing adoption of pets by the households and increasing animal healthcare expenditure is primarily contributing to the growth of the market. As per the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA), 67% of the US households, or about 85 million families, own a pet. Total US pet industry expenditure was $72.6 billion in 2018, which reached $75.4 billion in 2020. This highlights the fact that the population in the US is aware of pet health and the measures to be taken to improve pet health.
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As per the American Veterinary Medical Association (AVMA), in 2016, the total visits of all pets put all together were estimated to be around 172.3 million. The significant share was registered by dogs and cats. Visits per household for dogs were around 2.4 followed by cats which were around 1.3 per year. As the per capita income of population increases, the expenditure on vaccines is expected to increase thereby creating opportunities for the growth of the market in the near future.
Some crucial players in the North American animal vaccine market include Zoetis, Inc., Elanco, Merck & Co., Inc., Novartis International AG and United Vaccines, Inc. In order to survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in February 2017, the company expanded the K-9 Courage Program to reinforce American Humane initiatives for military dogs and service dogs that assist veterans. The Wags4Pateriot program is intended for veterans who suffer from Post-Traumatic Stress (PTS). Although, the Emergency Veterinary Grants is intended for military dog’s program. This enables to provide emergency treatment for retired military dogs.
North American Animal Vaccine Market Segmentation
By Type
- Porcine Vaccines
- Poultry Vaccines
- Livestock Vaccines
- Aquaculture Vaccines
- Companion Animal Vaccines
- Other Animal Vaccines
By Technology
- Live Attenuated Vaccine
- Killed/Inactive Vaccine
- Recombinant Vaccine
- Vectored Vaccine
- Subunit Vaccine
- DNA Vaccine
- Chimeric Vaccine
- Others
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North American Animal Vaccine Market Regional Analysis
- United States
- Canada
